Egypt Economy On Track But Long Road Ahead

Reforms are beginning to take shape in Egypt; growth is steadily increasing while inflation is being contained after peaking above 30% last year on the back of the currency devaluation. Work has already begun to prepare next year’s budget.

Egypt’s economy is stabilizing thanks to the raft of reforms it has implemented as part of its November 2016, $12bn loan agreement with the IMF. Cairo is now looking to finalize its 2018-19 budget, which begins 1 July, and just 15 months into...